At a Glance
- Tasks: Lead the finance team, manage operations, and ensure financial controls.
- Company: Join a dynamic membership body focused on impactful financial management.
- Benefits: Enjoy fully remote work with occasional London office visits.
- Why this job: Make a real impact through strategic financial insights and process improvements.
- Qualifications: Qualified accountant with experience in charity or public sector preferred.
- Other info: Xero experience is a plus; significant responsibility and independence in this role.
The predicted salary is between 43200 - 64800 £ per year.
Financial Controller (FTC) – 6 months
Fully Remote (occasional need to visit London office)
The Finance Controller will lead the finance team, oversee day-to-day operations and ensure robust financial controls across this membership body and its subsidiaries. Key responsibilities include financial reporting, cashflow forecasting, budgeting, and compliance with statutory obligations. The post-holder will drive process improvements, manage external insights and support strategic decision-making through financial insights.
- Lead, manage, coach and train the Finance team.
- Lead an ongoing review of internal processes and systems to ensure the integrity of accounting systems, and drive process improvement and efficiency into the operations of the business.
- Provide strategic direction and a clear workplan to review all 2024 transactions to ensure completeness, validity, correct coding and full reconciliation. Following which, to ensure that all 2025 postings are correctly managed by the team and ensure accurate reporting each month.
- Oversight and leadership of the day-to-day running of Finance department including financial reporting, cashflow forecasting, controls and transactions for its subsidiaries, and Member Networks.
- Oversee Management Accounting and accounting policies in line with FRS 102.
- Review of balance sheet ensuring all accounts reconcile and ensuring the validity of all balances.
- Ensure that required statutory obligations and external reporting to bodies such as HMRC, the Charity Commission, Companies House, and ONS is carried out in an accurate and timely manner.
- Oversee the management of reporting system.
- Support the finance team to work with the Member Network support teams to manage the volunteer group banking arrangements and annual reporting.
- Ensure timely payment of suppliers, ensuring the proper authorisation of payments.
- Oversee the payroll process ensuring accurate and timely payments to staff, tax and pension bodies.
- Overseeing the relationship with external auditors; preparing audit files and managing the audit process.
- Financial reporting and advice to the Senior Management Team, Board and Finance, Audit and Risk Committee (FAR).
- Own and deliver the implementation of relevant financial policies and procedures.
- Direct cash management operations including debt and debt collection.
- Developing a suite of financial and operational dashboards/reports to enable meaningful SMT/Board strategic oversight, scrutiny and the achievement of objectives.
- Driving flexible and collaborative ways-of-working across the Finance team to ensure all finance related tasks are completed efficiently, and there is the correct capacity and capability to provide continuity of service to the organisation.
The post-holder has significant responsibility and accountability for own work area and leads independently on this. Accountable for the performance of the Finance team, including the carrying out of work on which the Company bases important decisions. The post holder will be able to identify risks, anticipate issues and find solutions. Reports to the Chief Commercial Officer.
You will be a qualified accountant ideally with experience as a hands-on accountant from Charity / Membership or Public Sector body with the ability to resolve legacy issues, identify corrective actions and via the existing team implement changes. Xero experience advantageous.
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Financial Controller employer: Wade Macdonald
Contact Detail:
Wade Macdonald Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Financial Controller
✨Tip Number 1
Familiarize yourself with the specific financial regulations and compliance requirements relevant to charities and membership bodies. This knowledge will not only help you in interviews but also demonstrate your commitment to the role.
✨Tip Number 2
Highlight any experience you have with process improvements in finance. Be ready to discuss specific examples where you've successfully implemented changes that enhanced efficiency or accuracy in financial reporting.
✨Tip Number 3
Showcase your leadership skills by preparing to discuss how you've managed and developed finance teams in the past. Emphasize your coaching and training abilities, as these are crucial for the role.
✨Tip Number 4
If you have experience with Xero or similar accounting software, make sure to mention it. Being proficient in relevant tools can set you apart from other candidates and show that you're ready to hit the ground running.
We think you need these skills to ace Financial Controller
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in financial reporting, cashflow forecasting, and compliance. Emphasize any leadership roles you've held, especially in finance teams, and showcase your ability to drive process improvements.
Craft a Strong Cover Letter: In your cover letter, express your passion for the role and the organization. Discuss your qualifications as a hands-on accountant and how your experience aligns with the responsibilities outlined in the job description, particularly in managing finance teams and ensuring robust financial controls.
Highlight Relevant Skills: Clearly outline your skills related to financial management, such as budgeting, statutory compliance, and audit processes. Mention any specific software experience, like Xero, that could give you an edge in the application.
Showcase Problem-Solving Abilities: Provide examples in your application of how you've identified risks and implemented solutions in previous roles. This will demonstrate your capability to handle the significant responsibilities and accountability expected in this position.
How to prepare for a job interview at Wade Macdonald
✨Showcase Your Leadership Skills
As a Financial Controller, you'll be leading a team. Be prepared to discuss your leadership style and provide examples of how you've successfully managed and coached finance teams in the past.
✨Demonstrate Your Technical Knowledge
Make sure you are well-versed in financial reporting, cashflow forecasting, and compliance with statutory obligations. Be ready to discuss specific experiences where you ensured accuracy and integrity in financial processes.
✨Highlight Process Improvement Initiatives
The role emphasizes driving process improvements. Prepare to share examples of how you've identified inefficiencies in financial operations and implemented changes that led to better outcomes.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving abilities. Think of scenarios where you've had to identify risks or resolve legacy issues, and be ready to explain your thought process and the results of your actions.